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Egyptian exports to Nile Basin countries register 8% increase YoY Imports from Nile Basin decrease 71.7% in February 2015, compared to same period last year
Egyptian exports to Nile Basin countries registered a year-on-year (YoY) increase of approximately 8%, reaching $75.339m in February 2015, according to a Central Agency for Public Mobilization and Statistics (CAPMAS) report issued Tuesday. February 2014 figures stood at $69.758m, while in January 2015 they registered $69.650m, marking an 8% monthly increase, the statement said. Imports from the Nile Basin, however, decreased in February by 71.7%, standing at $25.870m, compared to registered figures in the same period last year, where they reached $91.574m. The largest importer from Egypt was Sudan, with the value of Egyptian exports to Sudan reaching $39.007m in February 2015, compared to the $ 36.77m registered in January. Imports received from Sudan reached $3.392m, registering a significant increase compared to the $141,000 recorded in the preceding month. The second largest importer from Egypt was Kenya, reaching $18.926m in February in comparison to $17.582m recorded at the beginning of 2015. Meanwhile imports to Egypt registered a decline of 10.6%, where they recorded $13.687m compared to $15.302m registered in January. Ethiopia followed, with the total value of Egyptian exports to Ethiopia reaching $6.615m in February of this year. However, comparing the figures to January CAPMAS revealed a 16.5% decrease as the value stood at $7.925m. Imports from Ethiopia to Egypt on the other hand increased by 25% to register $5.287m, compared to January's figures, which stood at $4.231m. Coming last is the amount of exports from Egypt to the Congo, which decreased by 28.1% reaching $406,000 in February 2015, compared to the $565,000 registered in the preceding month. Imports from the Congo also decreased, as they recorded $2.207m compared to January, where it stood at $2.717m.
